TATA ELXSI Announces Quarterly Results (4QFY18); Net Profit Up 58.0%

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TATA ELXSI Announces Quarterly Results (4QFY18); Net Profit Up 58.0%
Fri, 20 Jul

TATA ELXSI has announced its results for the quarter ended March 2018. Here is a detailed performance review of the same:

TATA ELXSI Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m3,2603,4553,7548.6%15.1%
Other incomeRs m8468196188.0%134.4%
TurnoverRs m3,3443,5233,95012.1%18.1%
ExpensesRs m2,6072,5202,80311.2%7.5%
Gross profitRs m6539359511.7%45.6%
DepreciationRs m686361-2.3%-10.0%
InterestRs m0000.0%0.0%
Profit before taxRs m6699401,08615.5%62.4%
TaxRs m22431338322.5%71.2%
Profit after taxRs m44562870312.0%58.0%
Gross profit margin%20.027.125.3
Effective tax rate%33.433.235.3
Net profit margin%13.317.817.8
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 15.1% on a year-on-year (YoY) basis. The expenses were up by 7.5% YoY during the same period.
  • The company's operating profit increased by 45.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 25.3% in 4QFY18 as against 20.0% in 4QFY17.
  • Depreciation charges and finance costs declined by 10.0% YoY and 0.0% YoY, respectively.
  • Other income increased by 134.4% YoY during the quarter.
  • Net profit for the quarter increased by 58.0% YoY. Net profit margins during the quarter increased from 13.3% in 4QFY17 to 17.8% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 8.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 11.2% QoQ during the same period.
  • The company's operating profit declined by 1.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 25.3% in 4QFY18 as against 27.1% in 3QFY17.
  • Net profit for the quarter increased by 12.0% QoQ, while net profit margins same from 17.8% in 3QFY17 to 17.8% in 4QFY18.

To see how TATA ELXSI has performed over the last eight quarters, please visit here.

TATA ELXSI Share Price Performance

Over the last one year, TATA ELXSI share price has moved up from Rs 845.2 to Rs 1,391.2, registering a Gain of Rs 546.0 or around 64.6%.

Meanwhile, the S&P BSE IT Index is trading at Rs 14,607.6 (up 1.8%). Over the last one year it has moved up from 10,154.0 to 14,607.6, a gain of 4,453.6 points (up 43.9%).

Overall, the S&P BSE SENSEX is up 0.4% over the year.

Current Valuations

At the current price of Rs 1,391.2, the price to earnings (P/E) ratio of TATA ELXSI stands at 36.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 15.6 times.

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